| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $9.0B | $8.5B | $8.8B | 5.5% | 2.1% |
| Op. Income | $322M | $187M | $150M | 72.2% | 114.7% |
| Gross Margin | 17.7% | 16.7% | 15.7% | 1.0pp | 2.0pp |
| Net Margin | 2.0% | 1.0% | 0.8% | 1.1pp | 1.2pp |
| EPS (Diluted) | $0.73 | $0.30 | $0.27 | 143.3% | 170.4% |
| Free Cash Flow | $327M | $218M | $30M | 50.0% | 990.0% |
| Item | Amount |
|---|---|
| REVENUE | $9.0B |
| Cost of Revenue | $7.4B |
| GROSS PROFIT | $1.6B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.3B |
| Other Expenses | $0 |
| Operating Expenses | $1.3B |
| Cost & Expenses | $8.7B |
| OPERATING INCOME | $322M |
| Interest Income | $0 |
| Interest Expense | $82M |
| Other Income/Expenses | -$80M |
| INCOME BEFORE TAX | $242M |
| Income Tax Expense | $60M |
| Net Income from Continuing Ops | $182M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $182M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $182M |
| D&A | $95M |
| EBIT | $324M |
| EBITDA | $419M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $9.0B |
| Cost of Revenue | $7.4B |
| GROSS PROFIT | $1.6B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.3B |
| Other Expenses | $0 |
| Operating Expenses | $1.3B |
| Cost & Expenses | $8.7B |
| OPERATING INCOME | $322M |
| Interest Income | $0 |
| Interest Expense | $82M |
| Other Income/Expenses | -$80M |
| INCOME BEFORE TAX | $242M |
| Income Tax Expense | $60M |
| Net Income from Continuing Ops | $182M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $182M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $182M |
| D&A | $95M |
| EBIT | $324M |
| EBITDA | $419M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $182M |
| Depreciation & Amortization | $95M |
| Stock-Based Compensation | $14M |
| Deferred Income Tax | -$4M |
| Other Non-Cash Items | $8M |
| Change in Working Capital | $79M |
| OPERATING CASH FLOW | $374M |
| Capital Expenditure | -$47M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $1M |
| NET CASH FROM INVESTING | -$46M |
| Net Debt Issuance | -$93M |
| Common Stock Repurchased | -$168M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $20M |
| NET CASH FROM FINANCING | -$241M |
| FREE CASH FLOW | $327M |
| Net Change in Cash | $87M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $379M |
| Short-Term Investments | $0 |
| Net Receivables | $2.0B |
| Inventory | $1.5B |
| Other Current Assets | $19M |
| TOTAL CURRENT ASSETS | $4.1B |
| PP&E (Net) | $2.2B |
| Goodwill | $5.6B |
| Intangible Assets | $763M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $386M |
| TOTAL NON-CURRENT ASSETS | $8.9B |
| TOTAL ASSETS | $13.0B |
| Account Payables | $2.1B |
| Short-Term Debt | $310M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $3.0B |
| Long-Term Debt | $4.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $300M |
| Other Non-Current Liabilities | $446M |
| TOTAL NON-CURRENT LIABILITIES | $5.4B |
| TOTAL LIABILITIES | $8.4B |
| Common Stock | $3M |
| Additional Paid-In Capital | $3.6B |
| Retained Earnings | $1.3B |
| Treasury Stock | -$216M |
| Accum. Other Comp. Income | -$71M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.6B |
| TOTAL LIABILITIES & EQUITY | $13.0B |
| Total Debt | $4.9B |
| Net Debt | $4.6B |
